As the adage goes, there is more to something than meets the eye. The same is true when it comes to our fundability. In this third installment of the Into the Madness series, we continue on understanding our consumer disclosures by zoning in and taking a deep dive on Equifax. Host, Merrill Chandler reviews a sample file to show you the ropes of getting bigger approvals with your Equifax data. We need to know what the credit bureaus are reporting about us and understand the data points that are either getting in the way or adding to our fundability. Merrill has a list of examples and scenarios that come in handy for your approvals.
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Into The Madness Part 3: How To Get Bigger Approvals With Your Equifax Data
We’ve got a powerful episode about how to interpret your Equifax Consumer Disclosure. We’re going to be doing a deep dive into interpreting and understanding how to read your Equifax Consumer Disclosure. In episode two of the Into The Madness series is how to read or how to order your three Consumer Disclosure files from Equifax, TransUnion and Experian. In this one, I want you to pull out your particular Consumer Disclosure and I’m going to be reviewing a sample file that’s been redacted but you’ll get the idea. I want you to pull yours out so you can see what you’re up against. Our objective is to create all of the data points. First of all, know what the credit bureaus are reporting about us and understand the data points that are either getting in our way or adding to our fundability or completely getting in our way. I’ve got some examples of that.
Let’s take a look at our credit report. This is a sample credit report from Equifax. Two of the things we need to know is they only use first and last names. Even if you’ve established your personal borrower identity with the middle initial and full middle name, for the front of this cover, they’re only using the first and last name. Each one of the credit bureaus has what some call a report ID. Some call it file identification. Equifax calls it a report confirmation number. This is the number that you would include in any disputes of the data points that we’re going to be discussing.
Summary Of Accounts
Let’s go to number one, the summary of accounts. This is a summary but it’s not good. You’re going to find it better in myFICO.com credit profile. You’re going to see it differently in TransUnion and Experian. It’s much better reporting. I want to point out some interesting things to show you. If you have gone through the exercise we did in protecting your identity, we did a whole episode on that. Notice it says, “File blocked for promotional purposes.” This is one of those great things that tell us that I have opted out of the credit bureau mailings and it is represented here on Equifax.
We want to make sure the credit file status. We want to make sure that it says that. If it says, “Freeze,” on there, that means you have put a freeze on it through some coaching from somewhere. Know that you are completely unfundable if you have a freeze on your credit profile. It’s a fact. Lenders, especially in automatic underwriting mode, are never going to check your profile if there’s a freeze on it. What that means is they have to call you manually and establish your identity. That’s what a freeze means. If you’re a lender, you weren’t going to go through the hassle of that. You can’t get a mortgage when there’s a freeze on your credit profile. There are workarounds to all this that we discussed in my book, the bootcamp and other episodes everywhere. I talked about how to do this.
Credit file status, file block for promotional purposes. Make sure that you do not have freeze there or you’re going to ultimately need to unfreeze it for changing things on your profile and create more opportunity. It gives you the average age of the account, the length of history. This is the younger file. It shows the oldest account is US bank, but the most recent account is SoFi Lending Corp. It’s giving you the oldest and the youngest and then what the average is. When you look at the credit accounts, the revolving accounts show how many are open balances. What the total balances between all three revolving accounts, what the available credit is, and what the total credit limits are between all three of those.Make sure that anything that is erroneous, inaccurate, or unverifiable cannot legally be reported on your profile #GetFundable Click To Tweet
They call it debt to credit. This is Equifax’s term for utilization. Utilization is always in play. Utilization is also a function of your mortgage and/or installments. This borrower does not have a mortgage account, but the installment loans total balance or the total available, which is the difference between the balance and the original borrowing amount is not available. It’s what’s been paid down already. Debt to credit, the utilization of these two installment accounts is 27%. Check your report. What is the total installment? If it’s less than 50%, you’re not getting all the juice that installment loans can contribute to your file. Straight out of the mouth of the FICO team is that if it’s over 24 months old or if it’s under 50% balance as we’ve discussed in previous episodes, then you’re not getting all the juice that this loan can give you.
Between these two is 27%. Ultimately, we want the average for both of them to be over 50%. We want each individual loan to be over 50% if you’re looking for those extra points. It shows the payment amounts and total payments. We’ll be going through each of these sections, but what I need you to see is that there are consumer statements, personal information and inquiries. What is the most recent inquiry? That was the purchase of a myFICO updated advanced credit monitoring profile, then there’s public records and collection. We’ll be going through each one of these sections as we get to them.
Let’s go down to number two, which is a revolving account. The revolving account shows the bank and how it’s reported to the profile, Wells Fargo bank card services. The status is paid as agreed. The debt-to-credit ratio or the utilization, in this case, is 9% on this particular card. The reported balance of $5,000 is $444. It’s under 10%. It’s that 9%. What they measure and this is important. This is where your 24-month lookback period comes into play. It goes through balance, available credit, scheduled payment, actual payment, high credit, credit limit, past due activity designator and comments. Let’s go through each one of these.
The balance it says is in April. This is at the time of reporting. This is where your reporting date comes into play as we’ve discussed in previous episodes. In April, it was $45. In May, it was $16, $16, $450. It shows how it grows and it diminishes over in 2018, 2019, etc. You see the ebb and flow of this particular borrower. Ultimately, we want the same amount. A highly fundable profile is where we were showing that at the reporting date, there’s no more than 7% being reported to the bureaus. If you are in the coaching programs, then there’s a specific balance to carry every single month. For your general purposes, less than 7% needs to be reported on that reporting date. See the episode that’s called Lenders Withhold. They’re keeping secret that reporting date is vital.
In most of the credit reports that I’ve reviewed, the available credit even on a revolving account is not reported here because they’re giving a general summation of all of the available credit in the snapshot of when you pull this. Remember, we talked about in episode two of Into The Madness how to order Consumer Disclosure files, which are the raw data files and these were available once per year. We’re coming down here, available credit. I haven’t seen that completed or filled out with data points in it on a number of credit reports that I visited. It may not be a thing and it’s being used further up that we already reviewed.
The scheduled payment. Notice these two together. In April 2018, the scheduled payment on the balance of $45 was $20. That’s the minimum payment. The actual payment was $300, which brought it down to a total of $45. Each one of these is key indicators used as part of the 24-month lookback period. We’re going to see that in 2000, April, May, June are three months, then through September is six months and then through April again is twelve months and then 24 months, etc. We need to be aware that in the 24-month lookback period is they’re looking at the actual balance. They’re looking at what you owe the scheduled payment, which is always the minimum payment. They’re looking at the actual payment. That contributes to your fundability that tells the lender and your future lenders who are pulling this data, what your commitment is to keeping those moderate and lower balances.
Those are all vital and notice $330, then $75, then $1,000. Each one of those, $15 was scheduled and in August, $1,000 was paid, leaving a balance of $420 after that payment. What we need to make sure that we understand is as we talked about in previous episodes on revolving account, we never make the minimum payment. This is why I tell you that. They have a scheduled payment. If you make that scheduled payment, you send a message about your ability to pay. Even if it’s a few dollars more, we never want to send the message that you can only afford a minimum payment.
There’s the actual payment, then there’s high credit. This borrower had a credit limit. The credit limit says that it is $5,000. It’s been $5,000 this entire period. There are a couple of blanks that aren’t there. We have data that’s missing. One of the things that we want to do is since it’s an open account, we want to get those missing data points because for June, you can’t calculate utilization. We can’t calculate some of the 24 lookback numbers. We want to get those filled in. That’s a communication with the credit bureaus.
High credit is that high watermark. What does it push through? If you’ve got a $5,000 balance or limit and high credit punches through $525. What that means is there was a point in time where this borrower charge past 95% of the limit. Remember how we talked about in a different episode where you never want to go above 95%. I prefer 90% but there’s no way do we want to go over 95% because the lender adds interest after they closed the statements. If you charge $4,950, they’re going to add interest after that. That’s what pops this over and you end up with a high limit that is no bueno.
Ultimately, we don’t want this high limit to have ever passed that 40% mark. A perfectly-executed profile is where high credit is never more than 40%. We see that not knowing the rules of the game and thinking, “I’m over the limit.” You get an over-limit notice and you pay it off and you think everything’s copacetic. The message is that you hit it in May, it was $525. It carries with you. The full 24-month lookback period registers that same high credit. In my circles in coaching clients and students, I teach that you need to dispute and see if they will reduce that to more reasonable credit. That’s a phone call to the lender. You want to see if you can show over 3, 6, 12 months, that you’ve stayed under 40% or otherwise. That is what you want to see if you can negotiate down from high credit. I can’t guarantee a result. It has happened. In my world, it’s always worth the phone call.Never make the minimum payment even on installment loans. Always be ahead a little bit #GetFundable Click To Tweet
This is a current account that’s paid as agreed as we’ve discussed. There are no past due amounts. Activity designator, I’ve never seen this filled out. I don’t know if it’s specific to Equifax, but if it’s reported to lenders, it’s supposed to be reported to us. I’ve never seen the activity designator or any of those data points completed. If you have one, then tell me about it and give me your email address. I want to reach out. I want to find out what they’re measuring because I’ve never seen it filled out. If you’ve got one, then I’m all in. I want to explore that further. We’ll add it to our body of knowledge here on the show.
The next one is the comments. I am relentless about disputing especially my borrower information. I’m totally interested in creating everything that I need to know about how to do borrower information. It says that 5, 6, 7, 8, 9, 10, every month of 2018 and every month of 2019, we’re talking about these consumer disputes. Consumer disputes after resolution simply mean that some activity has been done after they believe they’ve resolved it. It doesn’t mean they won’t continue to work on deleting your name variations, address variations, etc. We want to make sure that it is not a thing. That’s one of the most powerful points that we need to cover is how to continue to work in removing especially erroneous identity information. That is a powerful play.
Now, on the payment history. Here are the indicators. A checkmark means that you’ve paid on time every single month. It wasn’t opened in 2015 so nothing is registered. I mocked up a profile that has positive and negative accounts, etc. I want you to be able to take this. This isn’t one credit profile and it’s a fake name. Some of them I’ve even used some of my information on this. The next page goes through the account details. Here’s the summary. High credit limit, $5,025 credit limits. We know we’re upside down here. This is not good. The current balance as reported when this credit report was pulled was $444. The actual payment amount is $150 for this particular Wells Fargo credit card. Here’s what’s interesting. The date opened was July 24th, but the date reported was January 7th. I tell students and clients that when you’re looking for your reporting date, you can start here. I do not trust this number because it hasn’t always been the exact date that we’re looking for the reporting date. If your lender, in this case, Wells Fargo, if you call up the credit bureau dispute resolution department and say, “I want to know the day this account is reported to the bureaus,” they’re going to be able to tell you what that date is they have on record.
If it’s this date, remember call three times but this counts as one time. If you get the same answer from two live calls and the report says January 7, then count January 7th as the reporting date. If it’s the date between January 6th and 7th because some have a window, then watch for that as well. Make sure you get the same answer three times. The date of the last payment was January 1st. There’s the scheduled monthly payment here and then what the actual payment was there. This is what a positive account looks like. I pulled in a different report. Let’s go to a closed Wells Fargo account. You’ll notice that the pages are out of sync.
I’m copying and pasting it, but here’s what I want you to see. The account status says, “Charged-off.” You’re not going to see any account numbers or the account numbers are going to be truncated if they’re here at all. Here it says it’s charged-off. The charge off amount is $1,188. The debt-to-credit ratio, that’s utilization in Equifax terms, is 79%. That’s $1,188 from $1,500. That is what the amount was. That’s where you are at a 79% utilization. There’s no balance because the account is closed. Available credit scheduled payment. We’re going to scroll all the way down until we get to the payment history.
Some of you on your reports may show an amount past due as part of that collection. Because it’s accurately charged-off, there’s no amount past due. Some of you are going to run into a situation and be aware of it. If it continues to say, $1,300 past due, it may not have been charged-off yet. If it hasn’t been charged-off, it’s what we call rolling late. That could be a rolling 30, 60, 90. There could be rolling 180 days late, which means your profile, and what is being scored by FICO, is literally showing a brand new 180-day late in real-time that’s killing your profile. Charge-offs at least begin to age. Take a look at this. Back in 2015, it was 30 days late, then it became 30 days late two times in a row, then it was 60, then it was paid on time twice, then it was 30, then 60, then 90, then 120 days late. All through 2017, it was a charge-off. In 2018, it was a charge-off. January, February, March of 2019, it’s a charge-off. Those are key indicators. We need it to say charge-off.
If you have a charge-off, it’s got to say charge-off. If it doesn’t, then you are truly activating a brand new late account even if it shows charge-off. What’s interesting is we’ll look at this when we look at the other bureaus because I’m going to use some of these same client files to show you the differences. TransUnion is usually the best at charging off the account. Equifax and Experian sometimes will continue a rolling late. That will create a big difference in your score range and it is harming your fundability. Make sure that if it’s charge-off, look to TransUnion. If TransUnion says it’s charge-off and you have no other lates, account closed or not, make sure you contact those lenders and get this rectified because you cannot afford to have a rolling late.
Next, let’s go to the account details. This is a closed account. It’s a charge-off, but it still shows the date open. It shows the date that it was reported and the date of the last payment. There’s the date of first delinquency, September of 2015 and delinquency first reported March 1st of 2016. Those are two different references. There is the date of first delinquency of when you went late and let’s reconcile that. The day it first went delinquent was in September of 2015. That is the date that it most recently went delinquent. It isn’t counting the delinquencies here. It’s saying the date that at first delinquency that led to it being charge-off. The way the Fair Credit Report Act is written is that it is 90 months. An item can no longer stay on your credit profile from seven years plus six months after the date of last delinquency or most recent delinquency. That’s what this is. The date of the first delinquency is saying that it’s September. That’s spot on. That September date of first delinquency led to it being charged-off.
Sometimes I used the term date of last delinquency, but it’s the date of last delinquency that led to the charge off. This is an important date if you have derogatory accounts on this profile. This date of first delinquency led to it being charged-off. It’s 90 months from this date that this account can no longer be reported on your credit profile. The relationship between the first delinquency date and the first delinquency when it was reported can be as many as six months once it shows the charge off account. What we’re looking for now then is everything that contributes to it being delinquent is the reporting because we want accurate information.
I’m not about credit repair, but I am about profile accuracy. We want to make sure that anything that is erroneous, inaccurate or unverifiable cannot legally be reported on your profile. Here we are, we’re doing a deep dive into it and they’re accurately reporting and we can reconcile. September was the date last lead. This will be coming off in September of 2022, this item would naturally fall off the credit report. Maybe in your files, there are other things that are completely inaccurate. Maybe it’s your father or somebody with a similar name. There’s been a file merge. You’ve got to order it and audit it for accuracy. If it’s not accurate or if there are complete errors, then it is on you to notify the creditor and order the credit bureaus.You don't want anything on your consumer statements section #GetFundable Click To Tweet
Number three, in this account, there are no mortgage accounts, so we’ll move on to installment loans. The installment loan here is SoFi. The data I’m about to talk about is not on your Consumer Disclosure. It’s a function of the metrics used by FICO. SoFi Lending Corp triggers a consumer finance account negative indicator on your profile. Even though the account says paid as agreed, the account numbers are very truncated but the debt-to-credit ratio is 29%. For this profile, it’s significantly under 50% and deserves to be refinanced or another installment loan is taken to replace it because it is not helping this profile ultimately.
Now notice the balance. The high credit on installment loans never changes. It was the original loan amount. This was a SoFi personal loan for $50,000. The scheduled payment is $1,606. This client has taken our advice and makes a higher payment amount. We always want to make a higher payment amount whenever possible. I’m not here to get you in financial trouble, but whenever possible. That’s rounded up to $94. The idea is you want your payments to be ahead of the term payment plan. That’s one of the things that we need to get there.
As we go through here, when we can, we want to make the actual payment. Never make the minimum payment even on installment loans. We always want to be ahead a little bit. Coming down, credit limit, there is none because high credit is the determiner for installment loans and then credit limit, amount past due, none, activity designator, etc. We get into the payment history and this loan was engaged in November of 2017 and it’s been paid on time, etc. Let’s look at the account details for an installment loan.
There’s the installment loan indicator. It’s owned individually by this borrower. The high credit was $50,000. The high credit is the highest amount that was given to the borrower. Monthly terms, current balance, actual payment amount versus the scheduled payment amount. You’ve got date opened but this is the date reported. We recommend you find out even for your installment loans when that reporting date is. Go to the installment loan episode, four ways that you can get tripped up there. Some people refinance or they pay off the loan at what they think is 24 months. Since they don’t know the reporting date, that 24th payment doesn’t get reported and you lose that 24-month lookback period. You still get credit for the twelve months but not the 24.
Go back to that episode about how important knowing even the reporting dates of your installment accounts. There’s the contact information for your profile. This one is 25 months in. It’s barely gone over the 24-month mark. There are no more points coming for this loan. In the time benefit point calculations by FICO and it’s also at $14,000, so it’s under $25,000. It’s the 50% mark. This loan is no longer contributing to this borrower’s profile. We want to make sure that in your coaching, we would tell you that it would be time if you can to either refinance this loan, get a new loan that pays off this balance and re-engage.
No other accounts are in here and revolving mortgage or installment accounts. This says child support obligation, rental agreements and things like that. If you have what I call augmented credit reporting, where you can subscribe and they’re adding your rental payments, adding your cell phone payments, adding service provider payments to augment your profile. That is not a recommendation. We don’t want you to do that because no one’s going to give you a $500,000 mortgage on your cellular phone reputation. They’re not going to give you a business line of credit for $100,000 based on your child support payments. We want to make sure that we are not augmenting the Experian boost it’s called. Equifax has a product, FICO has a product. We don’t want to subscribe to those. We want only these revolving accounts, installment loans that are actual credit accounts, not service provider accounts.
This section is while you’re going down your profile, if you have language that says there’s a consumer statement, “I had identity theft.” It may be true but what you put on here is telling a lender, “Do not lend to me. This is a messy file. I have to go through the hoops of doing manual underwriting. They don’t want to do manual underwriting.” There’s a lot to it. Check out the GetFundableBootcamp.com and find out some of the strategies for this. There are insider secrets to all of it. The bottom line is you don’t want anything in your consumer statements section. You’re literally telling a lender, “I’m a mess over here. Don’t bother. Don’t lend me any money.”
There are other ways to handle your identity theft problem and fraud problems. We have an entire eBook based on making sure that you have the right tools to recover from identity theft. One of those things is not putting a statement on your profile. Do not do that because it’s only getting in your own way. Let’s take a look at personal information. I used Stephen Danns as my nom de plume. It’s my fake borrower. It’s saying that he has only one name. There are no formerly known as in this information. There’s the fake date of birth and the truncated Social Security.
What it does say here is you do not have any other identifications in your file. You may already have other types. If there’s a list here, those are the ones that are in your way. If you have multiple names, formally known as or multiple names listed, these are in your way. These are the data points that I talk about everywhere, in previous episodes, in my book and in the bootcamp. These are the things that are going to limit your funding loans and limits significantly. It’s going to get you kicked out into manual underwriting. We want to make sure that there are none here. Ultimately, our end game is to have none here. In this contact information, these are the current and former addresses reported to Equifax. They’re saying it doesn’t affect your credit score or rating but it does affect underwriting.
Underwriting is the only thing that matters. Fundability is what matters, not your score. “Don’t minimize because it doesn’t affect your score.” That’s what they say. We see score improvements all the time from minimizing these alternate addresses, etc. We’ve erased or redacted the street address, but notice the problem here. We have a Washington address in March of 2019, then August 13th, Provo. Notice, in 2019 and then it goes back in time to 2015, then it jumps ahead in time, and then back in time. Every one of these addresses is saying that this is the most recent reporting date for all those addresses.Fundability is what matters, not your score #GetFundable Click To Tweet
A human being lender is going to have to sort through this, but in the automatic underwriting system algorithm, no chance. They are not going to look at you for a second. This is going to get kicked out into manual underwriting and you’ve got to prove up because these dates and all these different addresses are horrible. What you want is to have no previous addresses. That’s what we’re looking for. Here then is the employment history. If you have a W-2, we want the W-2 listed. If you have a QFE, a Qualified Fundable Entity, it needs to be one of your employers and either your W-2 or your deal entity, whatever else is going on. We have episodes previously about building your business identity, your BFID, your Business Funding Identity. We’ve got to make sure that the correct data is there, but for everybody who’s working on fundability, you want your QFE to be listed here, not just the W-2 or otherwise.
Let’s take a look here under number eight. That was number seven, personal information, we went through there. Look at inquiries. They list the Consumer Disclosure files. They have to tell you everything. It’s all the raw data. They split it up between hard inquiries and soft inquiries. A soft inquiry is Fair Isaac. This borrower has been ordering credit reports directly from Fair Isaac. US bank did an account review, that’s not a hard inquiry. Even Credit Karma checked in to this bureau to see how you’re doing, and then in August of 2019 there was an Equifax report. I think those are the only ones that are there.
The only one that counts against you is hard inquiries. In this case, there were two. There was Mac and there was Wells Fargo. It’s then public records. Public records are listed. I want to tell you because under bankruptcies, we’re finding fewer and fewer judgments and liens. Back in 2018, there was a huge brouhaha about the legality of public records that were being listed on individual credit profiles. There’s an interim process here and LexisNexis is another Consumer Disclosure that we recommend people to acquire. I talked about ordering your LexisNexis way back when we talked about building and maintaining a powerful fundable personal borrower ID or BPID. In 2018, many judgments and liens were removed from individual credit reports because they didn’t contain enough data.
LexisNexis collects data from the courts. If there’s not enough data in the actual court document, LexisNexis can literally say it’s a judgment. If there’s not, there have to be five points that they need in order to be able to report an account. Judgments and liens, many if not most of them, did not pass muster. They did not have these five points that needed to be reported. I’m going to show you an example here of a bankruptcy notice. Date filed, we got the date filed and we’ve got the Bankruptcy Court of San Fernando. The problem is some of the data points are not included here.
Remember, some of it is the name, Social Security number, etc. This bankruptcy is reported because the creditor believes or the LexisNexis is allowing it to be sent to Equifax because they have enough data points. That’s one of the things that I would look up in LexisNexis and say all the data points there and is this being accurately reported? It may not be an error. Remember, it’s not about just errors. Let’s say this gentleman had a bankruptcy. That makes it not an error, but there are two other criteria. Is it being reported accurately and is it verifiable? Those are things.
We want profiles that are legally viable. We’re not here to artificially change your history. That’s not what I’m about. Go to credit repair. I’m not interested in their strategies. What I want is an accurate profile so that I can count on it and optimize it. As many of you have already seen, we have people with less than perfect credit who still have fundable 800 profiles. I want it to be accurate. If it’s not accurate, then it’s legally viable for a removal. I’m not here to lie, cheat or steal about these derogatory accounts. In this case, no liens or judgments are reporting.
Finally, a collection account and there’s a different section for collections. The date reported was April of 2019 but it was originally assigned in December of 2017. The amount owed and the status date is the same. The date reported and the status date is the same. The balance date is the same. What they’re doing is they’re paying this collection account to see if that’s a true estimation of its current amount. It’s an individual account that we’ve truncated or they have truncated the account number and it’s a medical or healthcare. This ends up under the HIPAA reporting. There are ways to make sure that it’s being accurately reported and not violating the HIPAA rights.
Date of first delinquency. It’s saying that it first went delinquent. The delinquency that led to the charge-off work collection was March 3rd of 2016, but notice December of 2017. That was almost 21 months difference. The first delinquency at the Intermountain Healthcare was in March of 2016. It got assigned to a collection agency on December 8th, 2017. That’s literally 21 months later. What’s interesting that we got to understand is that in this process, these have to be deleted 90 months from this date, the date of first delinquency that led to it becoming a charge-off recollection. This would naturally fall off the report paid or unpaid. It will naturally fall off the report in 90 months from here. That would be approximately September of 2023.
The other thing we need to remember is a medical account. In FICO 9, which more and more lenders are picking up, FICO 9 does not count this medical collection as a negative account. There is no drawdown in your profile or your score for having medical. FICO 8 and FICO 542 each classify this as a derogatory account with the corresponding negative indicators. In this case, FICO 9 would not count this against the borrower in the FICO scoring models.
Dispute File Information
Let’s go down to the final, dispute file information. We’ve talked about this. They are encouraging you to dispute online. If the lenders or especially the credit bureaus tell you to do something or recommend something, it’s already suspect in my world. We want to make sure to send in written letters, certified mail, no return receipt requested, no verification. Do not use the online because they squeeze you into a certain response. We do not want that response to be squeezed.
You need to write a letter. In my bootcamp, people get suggested PPID letters. The dispute letters that talk about disputing your identity data points and all those things. Make sure you do letters. Do not use this. There’s an additional summary of your rights under the Fair Credit Reporting Act. This is most of the stuff that you have already heard in general in the world. Take a look at it if you want to know more. It impacts your rights, but not your fundability because it’s explaining things that we have discovered or that they need to disclose to you legally. Your rights under state law. Different states have different purposes in your state. Your report will include your state. This has been an awesome opportunity to share how to interpret and read your Equifax Consumer Disclosure file, the raw data file. I’m thrilled to be able to spend the time with you. We’re going to be doing TransUnion and Experian over the next little bit. Those will be episodes 4 and 5. This is episode three of the Into The Madness episodes. Until the next episode.
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